The Thai government announced the lift of 20% tax on imported gems and jewellery products to be sold at the 53nd Bangkok Gems and Jewelry Fair (BGJF52) this coming february.

Foreign exhibitors will be allowed to bring in and sell gems and jewellery from other countries duty-free, while local exhibitors can reduce their selling prices after cutting down on imported parts and products’ costs.  Thus, both local and foreign buyers at the fair can take advantage of 20% savings, giving them additional purchasing power at the Fair.

“We are privileged to have the government working alongside us so directly,” says Somchai Phornchindarak, President of the Thai Gem and Jewelry Traders Association (TGJTA) and Chairman of the Gems, Jewelry and Precious Metal Confederation of Thailand.  He said the government decision came at the heels of TGJTA’s strong advocacy for a concessional duty rate of 0%, and they are happy to see their requests granted. 

“The government has been with us every step of the way, helping to promote exports as well as developing overseas markets via trade fairs, road shows and exceptional exhibitions.  All these changes predict a gleaming future for all,” added Phornchindarak.

Thai Gem & Jewelry Traders Association

Jewelry Trade Center, 52nd Fl.

 919/119, 919/615-621 Silom Road , Bangrak , Bangkok 10500 Thailand

Tel: (662) 630 1390

Fax: (662) 630 1398 to 99

e - mail : info@bangkokgemsfair.com